Warning: Is Trade Room 24 a Scam?

Is Trade Room 24 (traderoom24.com) a Scam?

We reviewed Trade Room 24 (traderoom24.com) and found disturbing issues.

Trade Room 24 presents itself as a investment provider, but it is currently unregulated by any credible commission, like the ASIC or CySEC.

Money Stuck in Trade Room 24?

If Trade Room 24 fails to release your funds, time is critical. Fill out the inquiry below to consult cyber-forensics experts for a no-obligation case evaluation.

Can You Trust Trade Room 24?

Trade Room 24 runs without regulation.

Trading with unlicensed firms is very risky. Trusted firms are always registered with agencies like the FCA, CySEC, or CFTC to ensure consumer safety.

Trade Room 24 operates without this protection. As a result, there is no safety net if they steal your money. Many online scams involve unregulated actors, and recovering funds from them is challenging without professional help.

For instance, in Europe, unlicensed firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not part of regulatory bodies, so your money is completely exposed.

Common Scam Tactics

Online trading fraud is evolving. Criminals use social engineering to take your savings. Here are common methods used by sites similar to Trade Room 24 (traderoom24.com).

The "Romance" Trap

"Pig Butchering" is a cruel tactic where scammers groom victims over weeks. They build a relationship on social media. Eventually, they mention a secret crypto opportunity. It's a trap to lure you onto a scam site like Trade Room 24.

Fake Trading Dashboards

Scammers build websites that look exactly like legit trading apps. You see graphs and balances that go up. But it is a fake. The scammer controls the prices to make you feel rich so you invest more. If you ask for a payout, the "profits" are gone.

Other Warning Signs

• Cold Calling: You get calls from "brokers" you don't know.
• No License: The firm has no authorization.
• High Returns: They promise 1% daily returns with no risk.
• Cannot Withdraw: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Aggressive Sales: Agents push you to deposit more.

Ignore positive ratings. Scammers often post their own 5-star comments to appear real.

Verdict

We advise against Trade Room 24. It is likely a fraud. Save your funds and use a regulated broker. Avoid traderoom24.com at all costs.